NoSWeat Journalism, which has seen hundreds of journalists pass through its doors since it started up 13 years ago, announced the news in a statement on its website today.
It read: “NoSWeat Journalism Training Ltd has regretfully decided to cease trading as the UK economy falls back into recession.
“NoSWeat has successfully trained hundreds of journalists since it began in 1999. Graduates have achieved some of the highest goals in the industry securing staff jobs on national broadsheets and with national and international broadcasters.
“The directors were unable to agree a rescue package with the company’s creditors. Latterly, negotiations with the landlord broke down and the company had no option but to vacate its premises and cease to trade.
“KSA Group Limited has been instructed to place the company into liquidation.”
NoSWeat, based in Clerkenwell, North London, suffered a major blow last year when the NCTJ removed accreditation for its full-time and part-time journalism courses.
The centre had been NCTJ accredited since 2001/2 but the training body said its directors had decided the courses no longer fully met its standards.
An NCTJ spokesperson said at the time: “The NCTJ decided not to renew accreditation when it expired in July 2011 for full-time and part-time newspaper journalism courses at Nosweat.
“The directors agreed that these courses did not fully meet the NCTJ standard, aims and performance indicators.”
Leader of the course Stephen Ward claimed the decision was unfair and appealed to qualifications watchdog Ofqual.
However Ofqual said that the decision taken by the NCTJ not to renew accreditation was operational and not a regulatory matter.